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6 in 10 Indians report personal data breach by loan service providers

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Image Credit: FPJ

As many as 6 in 10 Indians report personal data breach by their loan service providers while 4 in 10 blame insurance providers or banks, a new report has revealed. Nearly 59% with existing loans have been approached by alternate service providers to switch to another lending institution either via email, phone call, SMS and WhatsApp in the last 5 years, while 40% of those with existing insurance policy have been approached with detailed competitive offer